Duplex with New
For Sale
$525,000
925 Virginia St, Vallejo, CA 94590
Two separately metered residences include basement storage, laundry facilities, and a parking area accessed from the alley.
Property Size2,402 SF
Price / SF$218.57
Days on Market112
Property Features for 925 Virginia St
General Information
Standard status
Active
Size
2,402 SF
Property subtype
Residential Income
Units
Unit Mix
3BR/1BA, 1BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
laundry facilities
backyard
basement storage
Building Details
Year Built
1900
Listing Agency:
Davis & Associates
3739553
Listed By:
Gerri A. Kalk
3739553
Source:
Exprealty
Added: May 13
Changed: Aug 31
Last Checked: Aug 31 at 7:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Davis & Associates
Investment Insights
Based on property information with market context.
This two-unit property at 925 Virginia St in Vallejo combines period character with recent improvements. The larger residence has three bedrooms and one bathroom with original features, while the second residence offers one bedroom and has been updated. Both units include basement storage and laundry facilities, and each is separately metered for PG & E.
The property sits within the Architectural Heritage District and includes a backyard, alley access, and an on-site parking area. A new roof was installed in 2024, and the adjoining street has been newly repaved. The duplex dates to 1900 vintage and provides two distinct residential layouts within one income-producing property.
The property sits within the Architectural Heritage District and includes a backyard, alley access, and an on-site parking area. A new roof was installed in 2024, and the adjoining street has been newly repaved. The duplex dates to 1900 vintage and provides two distinct residential layouts within one income-producing property.
Key Highlights
- Two‑unit duplex in Vallejo’s Architectural Heritage District
- Unit mix includes a 3‑bedroom, 1‑bath residence and an updated 1‑bedroom unit
- Separate PG & E metering for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,714
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$934,280
$934.3K
Cap Rate 7%
$667,343
$667.3K
Cap Rate 9%
$519,044
$519.0K
Market Conditions
NOI Build-Up for 2,402 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.6K $29.40/SF
− Vacancy
−$3.9K −$1.62/SF
EGI
$66.7K $27.78/SF
− OpEx
−$20.0K −$8.33/SF
NOI
$46.7K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$934,280
Cap Rate 7%
$667,343
Cap Rate 9%
$519,044
Alternative Uses
Best Use
Multifamily LT 5
$667.3K
$583.9K – $778.6K
NOI $46,714 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$599.4K
$524.5K – $699.3K
NOI $41,956 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,831 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences include basement storage, laundry facilities, and a parking area accessed from the alley.
Where is this duplex located?
The property is located at 925 Virginia St Vallejo, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex in Vallejo’s Architectural Heritage District; Unit mix includes a 3‑bedroom, 1‑bath residence and an updated 1‑bedroom unit; Separate PG & E metering for both residences
